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Generally accepted accounting principles are ambiguous in the determination of a firm's net income because. a. stock dividends are difficult to forecast b. tax laws
Generally accepted accounting principles are ambiguous in the determination of a firm's net income because.
a. stock dividends are difficult to forecast
b. tax laws change regularly which cause the firm to misjudge its true tax obligation
c. depreciation is a cash outlay but is not reflected as such d. it does not reflect actual cash inflows and outflows of the firm
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